Yacht of the Joris family and their lights
|

ETAP: Joris Family Heritage and Innovation with €30M in Assets - Spotlight on Success

Updated on

Joris family

The Joris family, known for their industrial heritagea fonde ETAP in 1949whose name stands for 'Appareils Électrotechniques', initially focused on motor servicing sailors and transformers. Under the leadership of founder Norbert Joris and his partner, this was the beginning of a company that would distinguish itself in the creation of lighting solutions and a created over €30,000,000 in wealth.

High-quality light production by the Joris family

ETAP and its journey :

  • Foundation : 1949 by Norbert Joris
  • Product highlights : Lighting fixtures, sailing yachts, passive prefabricated houses
  • Innovation: Fiberglass-reinforced polyester yachts
  • Market : Targeting the high-end segment
  • Employment : About 240 current employees

Specializing in the production of sustainable lighting systems, the company is positioned in the upper market segment, aiming to distinguish itself with high-quality products. With the developmentt of ETAP YachtingThe company gained international renown for its unsinkable sailing yachts. After the Norbert Joris passed away in 2018Christ'l Joris takes over as President of ETAP, continuing family heritage.

Interior lighting produced by Famille Joris

ETAP's challenges and evolution :

  • Transmission : Handover to Christ'l Joris, Norbert's daughter
  • Competition : Highly competitive market, pressure on lower market segments
  • Discount : Closure of international subsidiaries
  • Impact of Covid-19: Falling sales and financial losses
Lighting produced by Famille Joris

The company suffered losses as a result of the challenges posed by the Covid-19 pandemic and competition from low-cost products. Strategic adjustments were necessary, including the closure of foreign subsidiaries, to stabilize the company and promote growth despite a demanding market and the The Joris family has assets estimated at over €34,625,000.

Similar Posts

  • Delhaize Family: A Supermarket Empire with Assets of Over 278 Million Euros

    Discover the fascinating story of the Delhaize family, pioneers in the Belgian food retail sector. With an estimated fortune of over 278 million euros, Delhaize has evolved to become a key player in the global market. Despite challenges, including the merger with Ahold and the distinction with Louis Delhaize Group, this family continues to influence the retail landscape.

  • Wibo family: 87-million-euro industrial empire forged in steel

    The Wibo family, at the head of the Vlassenroot Group, has built an industrial empire worth an estimated 87 million euros in large-scale steel processing. Founded in 1926 as a simple forge, the company has evolved under the management of Jean-Charles Wibo into a European leader in steel machine production. With plants in Belgium, Germany and Poland, Vlassenroot excels in the manufacture of heavy hydraulic cranes and steel structures for iconic projects such as Rotterdam's Erasmus Bridge. Beyond Vlassenroot, Jean-Charles Wibo is diversifying into building materials distribution and industrial laundry services, consolidating the Wibo family's industrial heritage.

  • Herman Schueremans: The Architect of Belgian Festivals with a Fortune of Over 46 Million Euros

    Herman Schueremans, founder of the famous Rock Werchter and Torhout-Werchter festivals, is a leading figure in the Belgian music industry. After selling his festivals to Live Nation, he concentrated on concert promotion, amassing a fortune of over 46 million euros. In addition to his success in the music world, Schueremans has had a notable political career and has been honored on several occasions for his impact on Europe's festival landscape. Discover the fascinating career of this Belgian visionary.